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BQA.HD OF GOVEBNO!iS OP EID T JDSRAL HEBEiJVE SYSTB1.I
(Released f o r P u b l i c a t i o n F r i d a y morning, November 21,19JU7)
:

JUuI

November 2 0 , I9I4.7
CONDITION OV' THS FEDERAL RESERVE BANKS

During t h e week-ended November 19 member bank r e s e r v e b a l a n c e s i n c r e a s e d
•V229,000,000, A d d i t i o n s t o member bank r e s e r v e s arose from i n c r e a s e s of
$352,000,000 i n Reserve Sank c r e d i t , 7 1 , 0 0 0 , 0 0 0 i n gold s t o c k and 32,000,000 i n
Treasury c u r r e n c y , and from d e c r e a s e s of $1 lit,000,000 i n money i n c i r c u l a t i o n and
^25,3Q0,OQO,in nonmembaf* d e p o s i t s and o t h e r F e d e r a l Reserve a c c o u n t s , o f f s e t i n
p a r t by an i n c r e a s e of $336,000,000 i n T r e a s u r y d e p o s i t s with F e d e r a l Reserve
Banks. Excess r e s e r v e s of member banks on November 19 were e s t i m a t e d t o be
approximately $930,000,000*
Holdings of l o a n s , d i s c c u n t s arid advances d e c r e a s e d $231,000,000, w h i l e
h o l d i n g s of United S t a t e s Government s e c u r i t i e s i n c r e a s e d $170,000,00* The i n c r e a s e iri h o l d i n g s of United S t a t e s Government s e c u r i t i e s r e f l e c t s a d e c r e a s e of
•$32Ut000,000 i n b i l l s , and i n c r e a s e s of $31^,000,000 in n o t e s , $107,000,000 i n
c e r t i f i c a t e s , and 053,000,000 i n bonds.
Changes i n member bank r e s e r v e b a l a n c e s and r e l a t e d items d u r i n g the week
and* t h e y e a r ended November 19, 19)4.7, were as f o l l o w s ;

I n c r e a s e or d e c r e a s e
since
November 19,

19U7

November 12,

November 2 0 ,

I9J47

W

( I n m i l l i o n s of d o l l a r s )
U. S # Government s e c u r i t i e s
Loans, d i s c o u n t s and advances
Other Reserve Bank c r e d i t

22,222
200
619

+
-

T o t a l Reserve Bank c r e d i t
Gold s t o c k
Treasury c u r r e n c y

23,0m
22,513

+
*
*

352
71
2

-1,273
+

h

*

229

Ill;
1

+
,+
•

970

-

U,552

Member bank r e s e r v e b a l a n c e s
17,068
ilofrey i n c i r c u l a t i o n
28,595
Treasury cash
1,327
T r e a s u r y d e p o s i t s w i t h F f R«. Banks
1,560
jnmeiriher deposits- and o t h e r F . R . a c c o u n t s
1,557




170
231

+ U3

+ 336
25

-1,300
- 131
+ 157
+2,052

9U
958
927
61

H.4.l(a)

STATEJfciTT -Of CuiiDITION
'•
OF TliE !THSLV3:FBD2RiL"8aSEKVE E»HfKS iCOLiBIKBD
( I n thousands of d o l l a r s )
I n c r e a s e or d e c r e a s e
since
November 19*
19^7

Nc•vember 12,
19U7

i-Iovember 20,
19U6

ii^sjrg T^s:
Gold c e r t i f i c a t e s
Redemption fund f o r F # It. n o t e s
T o t a l gold c e r t i f i c a t e r e s e r v e s
Other cash
Discounts and advances
I n d u s t r i a l loans
Acceptances purchased
U.S. Govt, s e c u r i t i e s :
Bills
Certificates
Notes
Bonds
T o t a l U.S.Government
' •' T
""" s e c u r i t i e s
T o t a l loans and s e c u r i t i e s
Due from f o r e i g n banks
F. R. n o t e s of o t h e r banks
U n c o l l e c t e d items
Bank premises
Other a s s e t s
TOTAL ASSETS
L I.A B I L J I I

70,000
+3,066,743
3^200 . .• - " 94,603
+2,972,140
73,200
+ 22,1^08
10,872
•r 230,17U
- i30,,650
iU98 " "•• + .330
+•
862
1UU

•I2,900;92U
7,215^905
1 , 3 1 ^ 0 0 0 ..
. 791.111

r 333,650
¥- 107,100
* 313,500,
+
53,1*21

kilter
-+..>,ii78,900

• 22,22IJ9UO

i+

-1,299,998

''22tU23,o6U

:-

+

170,371
60, Ui 5,*
«.««

-1,769,012

+

37,721.

-I",;li29,it56:

27,504
648,216
• 27.;
3,144

- '
7
- • .7,718;
+ :649,784
.'+",
'628
• + , 12,0U?

+ 714,054:

+2,186,546

-

64,564

-

+
+
+
+
+

228,728336,672
37,014
12,873
541,259
235,188

+. 969,641
+ 927,019
- 190,346
+
95,085
+.1,801,399
+'"' 493,090

20,696
46,784,567-

+
666
' + 712,549

6,609
+
+2,146,763

194,562
439,823
27,455
45,767
47,492,174

532

+•
9,578
+; 81,468
+.
27
51,290
+2,186,546

95
3,307,253
33>235
6^,399
47,492.174

>
:+
>
+

E. S;

s
P'ederal Reserve notes
Deposits:
Member bank - reserve account
U.S.Treasurer-general account

Foreign
Other
Total deposits
Deferred a v a i l a b i l i t y items
Other l i a b i l i t i e s i n c l u d i n g accrued
dividends
TOTAL LIABILITIES.. '
0 A P I T A L A C C 0 U tl T S
C a p i t a l paid i n
Surplus ( S e c t i o n 7)
Surplus ( S e c t i o n 13b)
Other c a p i t a l accounts
TOTAL LIABILITIES AND CAPITAL ACCOUNTS
Katio of gold c e r t i f i c a t e " r e s e r v e s
t o d e p o s i t and F . - R . n o t e *
*'
l i a b i l i t i e s combined
Contingent l i a b i l i t y on b i l l s purchased
for f o r e i g n c o r r e s p o n d e n t s
Commitments t o make ' i n d u s t r i a l loans




20,581/170
' '662,71+2
21,263,912
266,852
198,820
' 1VUU2 ;
862

,521,176
17/067,5201,560,193
ii06,022
519,876
19 i 553,6112,689,08u

48.2%
3,032
'7,545

973
+ 714,054

.4%
14
369

154,335

5.1:•/°
3,292
1,020

H.ii.i(b)
STATEMENT OF CONDITION OF THE FEDE1&L RESERVE BANKS ON NOVEMBER I9,l9lt7
( I n thousands of d o l l a r s )
ASSETS
Total

. 20,581,170 :':768.;509

Gold c e r t i f i c a t e s
Redemption fund for

"

F. k . notes
T o t a l -old
reserves

Boston

Now York ' P h i l a . .

Clove.

Rich.

Atlanta

Chicago S t . L o u i s

5,880,1a? 1011,019 1358,036 1109,111 lo6l,673 4320,902

Minn. Kans.Cy.

613,129

479,077

1*6,81*7

22,91*0

D a l l a s SanFran.

730,522- 500,82327147,952

;

682,71*2 ., 5l*,l*59

122,1+3?

60,282

7l*,2o6

60,552

1*0,809

86,572

35,738

t

26,289

51,631

certificate

other cash
Discounts and advances
I n d u s t r i a l loans
•ucceot&nccss purchased
U. S. Govt, s e c u r i t i e s :
B i l l s

Certificates
;>Ic tes
?
B ndS
°

21,263,912
268,852

822,91*8
25,228

198,320
1,14 2
862

10,139
—
—

46,756
—
862

12,900,9214

851,458

3,7Ul,575

7,215,905 4^1,990
1,314,000
87,770
791,111
52,81*3

T o t a l U.S. Government
securities
2 2 , 2 2 1 , 9 4 0 ll*74,06l

6,002,854 1071,301 11*32,21*2 1169,663 1102,1*82 1+1*0?,1*74 659,976
48,209
13,11a
21,664
15,344
23,086
39,308
18,149
1U,W|2
1,409

H*,6o6
—

22,202
33

923,682 1170,777

1,614,626 1*87,450 699,178
294,019
88,770 127,319
177,018
53,1A5 76,654

8,720

502,01? ' 766,260
5,732
9,1484

12,376

15,268

10,21*5

18,598

708,501*

589,563 1580,687

6?7,5li2

330,655

~.
578,663

498,831
90,836
54,639

394,648 1010,374 392,81*3 218,302 375,353
71,864 183,-986 71,428
39,752
68,442
43,-267 110,771 43,004
23,933. 1*1,207

527,1122799,583
11,773
37,734
2,91*7

22,521

531,832 1216,186

362,609
66,030
39,754

679,766
123,781,'
74,526

5,327,2-38 1553,377 2073,928 1352,860 1099, ll*2 2885,818 1184,222" 612,642 1064,165 1000,225 2094,262

T o t a l loans and.

securities

'

Due from f o r e i g n banks.
F.R. n o t e s o f - o t h e r banks

Uncollected items

22, 4 23,o64 1484,200
:

95
131,364

6
4,989

3,307,253

289,9-87

Bank premises-

33,235

1,250

other assets

6u,399

hM9

TOTAL

ASSETS




5,874,856 1569,228 2038,53^ 1575,095 1107,862 2898,194 1199,490 ! 622,887 1082,763 1003,172 2 n 6 , 7 8 3
l / 26
2~3,23l*

8
5,998

9
. 7,159

5
.12,22k-

4
12-,265

I4
17,625

4
9,91*0

675,2149 225,152

: •
3
:
8,81*4 '

4
7,195

3
4,621-

9
17,267

293,835

519,39?

288,71*9

188,692

1*83,068

142,631

81*,61*9

164,159

153,685

8,276

3.I04

5,176

2,61*1

1,490

3,052

1,979

1,211*

2,1*62

805

1,726

15,752

3,928

6,372

1*,344

3,597

9,115

5,8?2

l,8?5

5,296

3,515

6,1*88

47,492', 1?4 2633,057 12,61*6,1456 2889,920 3880,55*3 2868,065 21*39,1*78 7857,848 2036,041 1227,219 2035,623 1704,1489 5273,1*25
l / A f t e r d e d u c t i n g $69,000 p a r t i c i p a t i o n s of o t h e r F e d e r a l Reserve-Banks.

H.lU(fr)

STATELET OF CONDITION OF THE .FEDERAL RBbERl/E BANKS OK SOVEHBER I 9 , lgltf
( I n thousands of d o l l a r s )
Total
Boston
New York
Phila.
Cleve.
R i c h . A t l a n t a Chicago S t . L o u i s
214,521,176 1*447,200.5,613,485 1655,278 2108,952 1742,250 1596,557 4591,211 1125,156

L H ' B I L I I I E S
F e d e r a l Reserve n o t e s
Deposits:
Member b a n k - r e s e r v e a c c t . 17,067,520 758,199
U . S . T r e a s u r e r - g e n e r a l a c c t . 1 , 5 6 0 , I 9 3 115,594
22,206
Foreign
406,022
2,l420
Other
519,876
T o t a l deposits1 9 , 5 5 5 , o i l 896,4.19
Deferred a v a i l a b i l i t y items 2,689,OOlj. 242,950
Other l i a b i l i t i e s i n c l u d i n g
20,696
1,100
accrued d i v i d e n d s
TOTAL LIABILITIES
46,784,567 2587,669
C a p i t a l paid i n
194,562
.11,225
Surplus ( S e c t i o n 7)
439,825 •27,557
Surplus ( S e c t i o n 13b)
3,012
. '27,455
Other c a p i t a l accounts
5,594'
45,767
TOTAL LIABILITIES AND
CAPITAL ACCOUNTS
47,492,174 2655,057
Contingent l i a b i l i t y on b i l l s purchased
for foreign correspondents
j 032
194
Commitments t o make i n d u s t r i a l
loans
7,545F.R. n o t e s o u t s t a n d i n g
2 5 , 2 5 1 , 5 8 5 1504,380
C o l l a t e r a l for F.R.notes
held b y F . R . A g e n t s :
Gold c e r t i f i c a t e s
12,559-,000 440,000
E l i g i b l e paper
' : 133,425
7,720
U.S.Govt, s e c u r i t i e s
i5;Uoo,ooo 1100,000

Total
Discounts and advances
I n d u s t r i a l loans
Acceptances purchased
U.S.Govt, s e c u r i t i e s




190,820
1,442
862
22,221,9li0

5,2)47,818
421,177
1/170,685
1*56,021
6,295,701
509,907

6,955
12,U26,043
68,342
136,549
7,253
. 0,261.

828,587 1264,826 758,806
151,454 149,724
97,859
28,018
52,169
16,949
1,759
6,778
1,922
939,818 lli53,497 855,536
180,453 250,785 255,027

Minn, Kans.Cy.
621,918

939,H7

757,2214 25/45,555 655,864 446,842 859,137 8l;4,648 2122,216
65,785 177,771 '88,119.
66,190
62,957
64,077 121,486
14,182
47,042
12,107
12,106
8,648
11,415
50,495
812
2,5984029
256
2,028
626
58,047
858,005 2772,5.6)4 760,119 520,475 937,669 920,766 2515,044
174,196 595,051 125,631+
65.756, 151,904 128,721 2141,090

:
l,21ik
820
1,970
2,912
94l
508
786
365
l,773„
6dd
2852,773 3815,204 2052,55!; 2409,556 7762,5-18 2009,8214 1208,657 ^009,476 1679,519 5210,739
14,330
18,896
23,716
8,183
It,280
6,486
7,262
18,052
7J463
6,347
34,720
65,070
18,663
41,594
10,997
20,676
15,729
13,777
38,106
16,577
762
1,429
4,489
1,007
1,073
521
1,157
1,307
2,140
3,525
3,608
5,107
4,052
3 , 0 34
-2 ,,795
2.62I4
li.^a
2,772
5,547
O '~j f~*

12,646,456 2009,920 5000,555 2063,065 2459,473 7057,814
970

2U6

12I4

2036,041 1227,219 2035,625 1704,439 5275,425
106

76

106

400
580
3li5
1,395
352
76
5,769,005 1702,292 2169,221 1702,672 1448,494 4607,441 1165,866

656,059

- 3,750
965,659

2/

D a l l a s SanFran.
629,210 2654,382

28£

lli9

412

100

267

lii7
657,385 2766,629

;.5,470,000 515,000 695,000 650,000 725,000 5010,000 515,000 190,000 280,000 169,000 2100,000
3u;,26o
11,300
—
20,350
9,300
15,9U5
17,275
19,195
2,400,000 1200,000 1500,000 1150,000 750,000 1700,000 950,000 450,000 700,000 500,000 1000,000
MATURITY DISTRIBUTION OF LOAFS AITD SECURITIES
6 months
9I days to
1 to 2
2 to 5
61 t o
Within
16 t o
31 t o
Over
6
months
years
years
. 15 days
90 days
t o I year
30 days
5 years
60 days

152,252
1,563
491
3,526,065

6,655
571.
2,273,938

31,703

'

33

3,157
1

4,873,505

4,830,640

29
2

647,890

24
4

5,31+3,793

1 / A f t e r d e d u c t i n g $255,212,000 p a r t i c i p a t i o n s of o t h e r F e d e r a l Reserve Banks.
2 / After deducting
$2,062,000 p a r t i c i p a t i o n s of o t h e r F e d e r a l Reserve Banks.

11

23
255,450

470,661